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Chapter 4. Interest Rate Futures

“In general, a futures contract in any market is a contract in which the commodity being bought and sold is considered as being delivered (even though this may not physically occur) at some future date rather than immediately.”

Overview

In general, a futures contract in any market is a contract in which the commodity being bought and sold is considered as being delivered (even though this may not physically occur) at some future date rather than immediately – hence the name. The significant differences between a “futures contract” and a ...

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